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Saudi Arabia’s Abdul Latif Jameel bets on flying taxis with Joby Aviation
“Air taxi service is still in the early stages of commercialisation, but one that has the potential to completely transform the future of mobility,” Hassan Jameel, deputy president and vice chairman of Abdul Latif Jameel, said.
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Key to Aramco’s Calm January Lies in Hands of Saudi Stock Owners
January delivered a hefty slice of volatility for oil and global energy stocks as the spreading coronavirus shocked investors. But in Riyadh, shares in Saudi Aramco followed a different narrative in their first full month of trading. The stock weathered the month -- marked by the U.S. killing of an Iranian general and then the spread of the coronavirus -- much better than oil-major peers, ending well above the price set at its record initial public offering. Aramco retreated 3.1% in January, in contrast with the 12% slump in Brent crude and a drop of more than 10% for global peers such as Chevron Corp., Total SA and Royal Dutch Shell Plc.
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‘Don’t be shellfish’: Saudi Arabia’s shrimp fishing ban comes into force
Saudi Arabia’s annual shrimp fishing ban came into force on Saturday, with the threat of hefty fines for those who break the rules. The six-month ban is part of efforts to restore shrimp stocks along the Gulf coast and bring longevity to an important economic resource. Shrimp fishing and farming are becoming increasingly important to the kingdom as it looks to reduce its dependence on oil.
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Graeme McDowell holds off Dustin Johnson to win Saudi event
Graeme McDowell shot a steady even-par 70 to win the Saudi International by two strokes on Sunday for his first European Tour title since 2014. McDowell, the 2010 U.S. Open winner at windy Pebble Beach, protected his lead on a breezy afternoon by the Red Sea to card a 12-under 268 total, holding off late pressure by defending champion Dustin Johnson.
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Protesters march in Lebanon to reject new government
Hundreds of Lebanese marched on Saturday through the streets of the capital and the main northern city to reject a new government named to deal with an economic crisis, which they say lacks a popular mandate.
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House passes two measures seeking to restrain Trump on Iran
The legislation would prohibit Trump from using federal funds to strike Iran without prior approval, and repeal an 18-year-old law that he and his advisers have cited to justify killing a top Iranian general earlier this month. Both measures have earned limited Republican support and are expected to face difficult odds in the Senate, where GOP leaders can easily block them from coming to the floor for a vote.
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US advises against travel to China; virus declared emergency
The U.S. advised against all travel to China on Friday after the World Health Organization declared the outbreak of a new virus that has spread to more than a dozen countries a global emergency. The number of cases spiked more than tenfold in a week, including the highest death toll in a 24-hour period reported Friday.
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Desert X Al Ula puts Saudi Arabia’s historic site on international arts map
Desert X began as a biennial in southern California, bringing visitors through the Coachella Valley in search installations, sculptures, and performances. Now, for the Royal Commission for Al Ula (RCU)’s first major contemporary art project for the heritage site, Desert X Al Ula commissions 14 Saudi and international artists to make artworks in the sand.
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The digital revolution requires a skills revolution: PwC Middle East publishes results of survey on technology, jobs and skills
While 75% of workers surveyed in the GCC believe automation will significantly change or make their job obsolete within the next ten years (vs. 53% globally), the majority, 82% (61% global) were positive about the impact of technology on their day-to-day work. But only 23% are learning new skills through their employer to better understand or use technology (33% global).
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U.N. aid agency fears U.S. Middle East plan will spark violence
Christian Saunders, head of the U.N. Relief and Works Agency for Palestine Refugees (UNRWA), asked about the U.S. plan which would not allow a right of return to Israel, said that this right was “enshrined in international law and various (U.N.) General Assembly resolutions”
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